dealer bank

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Dealer Bank

A commercial bank that buys and sells U.S. Treasury securities, municipal bonds, and/or agency securities. Dealer banks are registered with the Municipal Securities Rulemaking Board. Investing in dealer banks is very low risk because the securities they hold are virtually risk-free and often are exempt from taxation.

dealer bank

A commercial bank that buys and sells municipal securities and/or U.S. government and agency securities.
References in periodicals archive ?
CurveGlobal is an interest rate derivatives venture between London Stock Exchange Group, Cboe, and a number of leading dealer banks - Bank of America Merrill Lynch, Barclays, BNP Paribas, Citi, Goldman Sachs, J.P.
Commerzbank is one of the world's leading dealer banks in physical precious metals.
(NASDAQ: CBOE) has made a minority investment in CurveGlobal, a new interest rate derivatives venture of the London Stock Exchange Group and a number of major dealer banks, the company said.
* A study of dealer banks finds that their unique sources of financing are highly efficient in normal times, but may be subject to marked and abrupt reductions in stressful times.
Thereafter, the Central Bank of Myanmar (CBM) initiated a managed floating exchange system comprising daily foreign exchange auctions with authorized dealer banks (IMF 2013b).
Under the scheme, Bangladeshi importers would have to deposit the import value in equivalent local currency Taka through their respective dealer banks in order to receive the Japanese funding.
The risk management systems of major dealer banks were severely tested by the recent volatility in financial markets.
CurveGlobal is a venture between London Stock Exchange Group, a number of leading dealer banks, together with the Chicago board Options Exchange.
Global Banking News-September 15, 2014--BB seeks remittance information from dealer banks
New Jersey-headquartered Wolfe & Hurst, established in 1977, provides broker-dealers and dealer banks with brokerage services in municipal, corporate and government bonds.
In addition, they would curtail access to capital markets for small municipal issuers that rely on local dealer banks to underwriter their debe securities.
RBI has taken various steps to stop recurrence of such instances which inter-alia include (i) comprehensive guidelines on handling of export / import transactions to authorized dealer Banks (AD Banks), (ii) constitution of a working group to devise an Import Data Monitoring and Processing System, (iii) direction to strict adherence on extant guidelines on export / imports and strengthening of internal security / system administration, (iv) continued follow up of all cases of advance remittance for import, irrespective of value, (v) taking steps on priority to upload shipment and realization details and to convey the progress in special fortnightly reports.